$ALL

Allstate stock fell 1.6% in pre-market trading after Argus Research downgraded it to Hold, citing full valuation and decelerating premium growth. Keefe, Bruyette & Woods also downgraded it to Moderate Sell due to higher catastrophe losses. Q2 earnings beat estimates, but analysts are concerned about near-term risks. U.S. equity futures were muted ahead of Fed Chair Warsh's speech.

Oklahoma AG Gentner Drummond sued Allstate and State Farm, alleging they systematically defrauded home insurance policyholders by denying or underpaying wind- and hail-related claims. The suits claim the companies altered claims standards and limited adjusters' authority to minimize payouts, profiting billions. Allstate and State Farm deny wrongdoing. Similar investigations are ongoing in California and Illinois. Oklahoma has high home insurance costs and claim denial rates, with a 13% increase

State Farm will return $5B to auto policyholders via a one-time dividend and roll back rates in several states. Progressive (PGR) and Allstate (ALL) reported strong Q2 earnings with combined ratios below 87. PGR earned $3.31B net income, while ALL returned $3.5B to shareholders. State Farm's move reflects improved loss trends and surplus. PGR gained 7% more policies year over year.

Allstate reported $682M in pre-tax catastrophe losses for July, bringing the total for the current annual aggregate risk period to $2.402B. The losses were driven by severe weather events, with 75% attributed to two storms. Allstate has $150M in catastrophe bonds and $1B in excess-of-loss reinsurance, but only a portion of the losses may qualify for coverage.

Allstate reported $2.4 billion in catastrophe losses for the SCS season, with July's bill surging 3.7x. This marks a 10.6% year-on-year increase, but remains below the reinsurance attachment point. The insurer's running four-month storm season tally was impacted by the July surge.

Analysts upgraded Etsy (ETSY) to Buy with a $105 target, citing improved growth. Analog Devices (ADI) was upgraded by Seaport and Bernstein, with targets of $425 and $465, respectively, due to AI opportunities. Merck (MRK) was upgraded by Morgan Stanley to Overweight with a $179 target, but downgraded by RBC to Sector Perform with a $150 target. Progressive (PGR) was upgraded to Outperform with a $250 target, while Allstate (ALL) was downgraded to Underperform with a $250 target. TJX (TJX) was d

The Allstate Corporation (NYSE: ALL) reported estimated catastrophe losses of $682 million for July 2026, with $539 million after-tax. The losses stemmed from 23 events, 75% related to two wind and hail incidents. The company also noted that financial updates are posted on their investor website.

Wall Street analysts issued upgrades, downgrades, and initiations for several companies. Upgrades include Analog Devices (ADI) to Outperform at Bernstein, Etsy (ETSY) to Buy at Bank of America, and Merck & Co (MRK) to Overweight at Morgan Stanley. Downgrades include Allstate (ALL) to Underperform at Keefe Bruyette and TJX Companies (TJX) to Neutral at Citigroup. Initiations include Alphabet (GOOGL) and Shopify (SHOP) with Buy ratings at Rosenblatt.

Allstate Corp reported July 2026 catastrophe losses of $682 million, or $539 million after-tax. The announcement highlights the financial impact of recent disasters on the insurance company.

Allstate (ALL) shares have gained 25.3% over 52 weeks versus 20.4% for the S&P 500 and are up 25.6% YTD versus 13.7%. After Q2 2026 results on Aug. 5, adjusted EPS of $8.99 beat consensus; net investment income rose to $1.0B and catastrophe losses fell. Analysts expect 2026 adjusted EPS of $33.92. JPMorgan raised its price target to $292; mean target $273.83.